27/09/2019 - 06:54

Morning Headlines

27/09/2019 - 06:54

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Morning Headlines

Secret zone for sub work

The McGowan Government will create a new security zone south of Fremantle and offer to build new wharfs and giant industrial sheds as it details its case to steal billions of dollars in submarine maintenance work from South Australia. The West

State moves early on NW Shelf extension          

The WA Government has moved early to extend the State agreement over the North West Shelf gas project by 25 years to cover proposed expansion plans being pursued by the giant venture’s partners. The West

BHP braces for broad carbon levy on ships

BHP believes an imminent emissions crackdown across the world’s shipping fleet may eventually be extended to a broader carbon levy, as the maritime industry weighs additional environmental measures to cut high pollution levels. The Aus

Google CEO pledges to work with publishers

Google chief executive Sundar Pichai has pledged to work with media companies to drive ‘‘sustainable growth’’ for journalism, arguing that government intervention and regulation were not required. The Fin

Relax ‘tortuous’ post-Hayne loan crackdown, says industry

The chief executives of Australia’s biggest real estate companies are backing the government’s calls to break overly stringent lending restrictions to get credit flowing again and avoid a dangerous slowdown in construction. The Fin

Tax rises in store despite cuts

Low to middle-income earners will suffer the biggest jump in average tax rates over the coming years because the Morrison government’s $302 billion in personal income tax cuts will fail to override ‘‘bracket creep’’, according to new analysis by the parliament’s independent budget watchdog. The Fin

Rate cuts no help: Costello

Future Fund chairman Peter Costello has brushed off suggestions that further cuts in official interest rates will help the economy, while urging the government to resist calls to ratchet up infrastructure spending, saying it should tackle the “hard” issues of structural reform. The Aus

Fahour shrugs off caution as Latitude float looms

Latitude Financial chief Ahmed Fahour has vowed he and the company’s private equity and bank owners have “massive skin in the game” to ensure a successful $4bn ASX tilt, despite caution from potential investors. The Aus

Dads must find balance

Providing men and fathers with flexible work arrangements could help solve gender inequality in the workplace, Fortescue Metals Group boss Elizabeth Gaines says. The West

 

 

The Australian Financial Review

Page W1: The chief executives of Australia’s biggest real estate companies are backing the government’s calls to break overly stringent lending restrictions to get credit flowing again and avoid a dangerous slowdown in construction.

Low interest rates around the world mean Australian commercial property will remain ‘‘super attractive’’ to global money managers, with property industry leaders saying the local sector’s prudent approach to debt gives it a buffer against over-heated asset prices.

Page 1: Google chief executive Sundar Pichai has pledged to work with media companies to drive ‘‘sustainable growth’’ for journalism, arguing that government intervention and regulation were not required.

Global private equity giant KKR is learning some hard lessons about the Australian supermarket duopoly, just weeks after agreeing to outlay $3.1 billion for biscuit maker Arnott’s.

Page 3: The Fair Work Ombudsman has accused United Petroleum of frustrating an investigation into whether the petrol giant is liable for underpayments in its franchise network by refusing to hand over records.

Page 5: Low to middle-income earners will suffer the biggest jump in average tax rates over the coming years because the Morrison government’s $302 billion in personal income tax cuts will fail to override ‘‘bracket creep’’, according to new analysis by the parliament’s independent budget watchdog.

Page 10: The Morrison government will use stopgap regulation to restore access for the complementary medicines sector to the respected Australian Made logo, amid growing frustration from the $5 billion industry.

Page 14: Prime Minister Boris Johnson on Thursday (AEST) shirt-fronted his opponents in Parliament, demanding they put up or shut up by moving a no confidence vote in him and triggering an election, rather than continuing to stymie his ‘‘do or die’’ push for an October 31 Brexit.

Page 18: Contractor Downer Group raised $200 million in a bond deal via Westpac yesterday.

Page 19: Grocery wholesaler Metcash is under growing pressure to reduce prices to stop independent retailers defecting to other suppliers as competition steps up in the $110 billion food and grocery market.

Page 21: West Australian electricity retailer Synergy has blamed the rise of rooftop solar for it slumping to a huge loss and slashing the carrying value of its assets in power generation and supply.

 

 

The Australian

Page 1: Future Fund chairman Peter Costello has brushed off suggestions that further cuts in official interest rates will help the economy, while urging the government to resist calls to ratchet up infrastructure spending, saying it should tackle the “hard” issues of structural reform.

Page 2: Defence has admitted 89 new offroad patrol vehicles for elite special forces units are running more than three years behind schedule and won’t be declared battle-ready until December 2020 — more than six years after the contract was signed.

Page 6: Plans to open up Northern Australia to development have prompted a note of caution from a powerful government department, which has warned of people and infrastructure being put at greater risk from natural disasters.

Scott Morrison said Australia had “nothing to apologise for over climate change” as he told the UN general assembly that his government would lead urgent action to combat plastic pollution choking the oceans.

Page 17: The banking industry has warned that the flow of credit to key sectors like first-home buyers and small and medium-sized businesses could be disrupted if APRA proceeds with capital reforms that are more stringent than international standards.

Latitude Financial chief Ahmed Fahour has vowed he and the company’s private equity and bank owners have “massive skin in the game” to ensure a successful $4bn ASX tilt, despite caution from potential investors.

Page 19: BHP believes an imminent emissions crackdown across the world’s shipping fleet may eventually be extended to a broader carbon levy, as the maritime industry weighs additional environmental measures to cut high pollution levels.

Page 23: After five years of construction, Beijing’s $16bn Daxing International Airport opened this week with the expectation it will eventually become the world’s busiest.

 

 

The West Australian

Page 3: Shareholders in a little-known mining company based in Nedlands made millions in a frantic few hours yesterday after news broke of its massive gold and copper find in Victoria.

Page 9: The McGowan Government will create a new security zone south of Fremantle and offer to build new wharfs and giant industrial sheds as it details its case to steal billions of dollars in submarine maintenance work from South Australia.

Page 18: Airbnb landlords would need to pay a registration fee and property owners within strata schemes could be prevented from renting out their houses as short-term accommodation under proposed regulations that some fear would “put WA’s tourism industry at a competitive disadvantage”.

Page 22: Providing men and fathers with flexible work arrangements could help solve gender inequality in the workplace, Fortescue Metals Group boss Elizabeth Gaines says.

Page 66: Universities from across the country have slammed a Federal Government plan to take billions of dollars of funding they have been waiting six years for and funnel it into a disaster relief package.

Business: Microsoft, Mastercard and the Hewlett Foundation are funding a new organisation that is planning to help dissidents and other vulnerable groups across the world defend against hackers.

The WA Government has moved early to extend the State agreement over the North West Shelf gas project by 25 years to cover proposed expansion plans being pursued by the giant venture’s partners.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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